The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1887-07-28
HENRIETTA.
Bank Closes Its Doors Amount
of Deposits, sloo,ooo--The
Old Story.
The Bank Will Pay Dollar for
Dollar, But Not Now--The
"Prohibs" Done UP.
Special Telegram to the statesman.

Special Telegram to the Statesman.
HENRIETTA, July 25.-In addition to the
attachment of $4,000 run ON E. F. and
W. S. lizard and Curtis d Atkinson and
II. @. Babb, by the Merchants National
bank, of Fort Worth, the following we're
run to-day: J.F. Halselle ct al. of Decatur,
VS.. Curtis d Atkinson, for $4,000; First
National bank, of Decatur, VS.. L. f. Ikard
and Curtis d Atkinson, for $1,031; First
National bank, of Decatur, VS.. Curtis q
Atkinson and E. f. lizard ct al, for 81 ,04o;
Samuel Davidson, of Henrietta, vs.. w. s.
lizard, for $4,0S0 - making to
tai amount of $53,O51. Con
siderable excitement prevails in
the town on account OF the failure. The
above parties we're considered perfectly
solvent till the crisis came, as all of the
above named gentlemen were directors in
the Henrietta National bank. Very few
expected suspension of the bank, and,
when notice appeared to that effect on
the door of the bank this morning, the ex
citement ran high for a while, but, being
assured by the managers that it was neces
sary for the comptroller of the United
States treasury to be notified of
the crippled condition of some
of the directors, and that an inspector
had been telegraphed for to make
thorough examination into the books of
the bank, everything settled down to its
normal condition. The hank being un-
able to meet all of its demands in case of
a run made on it by depositors, it was
considered proper to suspend payment
until the inspector could arrive from
Washington to examine into the books of
the bank. The following notice was
posted on the bank door this morning:
HENRIETTA, duly 20, 1887.
Notice-At meeting of the directors
of this bank, held at $3.50 o'clock, it was
decided that, being unable to meet all de-
mands for the reason that we were unable
to obtain the necessary assistance at the
last moment that the bank suspended, we
deem this for the best interest of all our
customers to take this action, assuring
them that every effort will be made to
protect their interests. The cause of this
action is on account of the financial en-
barrassment of the parties closely identi-
| ucu WlJn bllb lubblpublOh, upOh WhOuh ub-
tachments were run Saturday.
A. p. BELoHER,
@. w. EAsTLEY,
Signed @. w. WooD,
w. s. IKARD,
O. j. GREY.
Directors.
The amount of deposits were about
100000, and the bank is of the opinion
that it will be able in short time to pay
every dollar. Intense excitement pre-
vailed in town from Saturday afternoon
until to-day, when it subsided,and she diff
ferent parties who were interested in the
bank took philosophic view of the mat
ter, and deemed it wise to wait
patiently Developments. The in
spector telegraphed for is looked
for by tomorrow nights train. Some one
of the very ol-headed business men had
great deal to do in quieting the excite
ment by telling the citizens that it was
their honest opinion that the bank would
be sure payment in short time, and they
would be able to get every dollar that is
due them. 1t is to be hoped that the
books will be found in such condition
that the bank will be able to throw open
her doors in short time. It would be
most terrible disaster to our city and the
surrounding country for a failure
of this bank az this time. There
was the greatest confidence in
the solvency of this bank, and everyone
that had money to deposit had no hesi-
fancy to place it there for safe keeping,
and crash to come now, in this drouth
stricken country, would work untold hard
ship on the people. In fact, misery and
despair would be their doom. No one
suspects any of the bank officials of any
unfair dealings, but all look upon it as
one of those unfortunate failures that are
sometimes forced upon men and financial
institutions. Great sympathy is ex-
pressed for the unfortunate gentlemen
that have suffered by these attachments,
as they all stood high socially and in
financial circles, and had great many
| friends.